3.1.13

Obama Pitches $4 Trillion Deficit Increase As Reduction!

By John W. Lillpop

Thought the exaggerations, misleading statements, and outright lies from the 2012 presidential campaign were put in moth balls until 2016, did you?

Silly, you!

Remember, patriots, we are dealing with Barack Obama, the quintessential liar in American politics and the only president in US history to be addicted to campaign lying even when an election is not nigh.

A classic example of Obama truth-aversion was rolled out on January 2 when Obama hurriedly issued a Victory Message to celebrate passage of the fiscal cliff bill.

Before leaving for Oahu, the president released the following high-five video to celebrate his genius and devotion to the little guy:

Remember, your president actually stated, We stopped that middle class tax hike. But we didn’t stop there. …Last year we started reducing the deficit through $1 trillion in spending cuts. And the agreement we reached this week will reduce the deficit even more by asking the wealthiest two percent of Americans to pay higher taxes for the first time in two decades.”

Unfortunately for those already working on the Obama Library, the Congressional Budget Office had quite a different take on the matter: CBO, in fact, stated that the bill would add nearly $4 trillion to the deficit over 10 years.

As reported at the reference:

WASHINGTON (Reuters) - The Congressional Budget Office on Tuesday said Senate-passed legislation to avert the "fiscal cliff" would add nearly $4 trillion to federal deficits over a decade, largely because it would extend low tax rates for almost all Americans.

The congressional scorekeeper's analysis was released as a number of Republicans in the House of Representatives voiced opposition to the bill, and considered amending it with deeper spending cuts.”

Get that? The bill that Obama is so fond of will INCREASE the deficit by 4T!

With the national debt at $16.4 trillion, the president is spinning a 4T increase as a reduction and is even gloating about his cleverness in doing so!